Gold, Silver Prices Today: Technicals explained by CapitalVia Investment Adviser

Gold, Silver Prices Today: CapitalVia Investment Adviser says that LBMA Gold Spot trading is above $1715 levels, Short-term momentum is positive as the fast stochastic generated a crossover buy signal. The fast stochastic has moved out of oversold territory, which also reflects positive momentum. Gold downside support is $1675 - $1708 levels, Resistance is at $1740 - $1760 levels.

MCX Gold April trading with positive momentum trading above Rs 44800, Gold prices attempted to move higher but could not give above the 10-day moving average which is Rs 44900: Reuters

Gold, Silver Prices Today: CapitalVia Investment Adviser says that LBMA Gold Spot trading is above $1715 levels, Short-term momentum is positive as the fast stochastic generated a crossover buy signal. The fast stochastic has moved out of oversold territory, which also reflects positive momentum. Gold downside support is $1675 - $1708 levels, Resistance is at $1740 - $1760 levels.

MCX Gold April trading with positive momentum trading above Rs 44800, Gold prices attempted to move higher but could not give above the 10-day moving average which is Rs 44900. Downside support for the metal is Rs 44600. Resistance for the metal is Rs 45200.

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Silver MCX Silver March has shown a sideways movement and trade near Rs 67500 levels, it has broken the top of the inverted hammer, which is a bullish sign itself. Silver MCX Silver March are approaching the 50 day EMA, so that has a part of play, but if we break above there then it is very likely that we will go looking towards the Rs 69000 level, Downside support is Rs 64800 – Rs 63300 levels, Resistance is at Rs 69500 levels.

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